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October 2018

Healthcare IT

Sectorwatch

Healthcare IT has gone through dramatic changes in the past decade with more healthcare providers eager to invest in digital transformation of their business practices. The healthcare market is moving towards disruption by way of artificial intelligence in the form of predictive analytics. Accenture estimates artificial intelligence in the healthcare market will reach $6.6 billion by 2021.

Industry Trends:

• Current revenue growth rate is less than the average of the last 3 years, indicating that the market may be flattening, but the average growth rate is still 22%.
• Current gross profit margin slightly exceeds the average of the last 3 years gross profit margin so companies are maintaining margins.
• Current EBITDA margin exceeds the average of the last 3 years EBITDA margin.